Insurers getting to grips with crypto

Interesting article from my colleague Karen Boto's on how insurers are responding to the challenges, and opportunities, of the crypto world.

Some insurers are now considering this as an area of possible organic growth, so getting to grips with the subject matter is essential.

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The crypto space is clearly maturing and is certainly one to watch with interest. Cryptocurrencies and blockchain undoubtedly represent potential areas of growth for the insurance industry. However, it remains to be seen whether the insurance demands increase and whether, as the industry and regulation becomes more stable, insurers' appetites to write such risks also expand. What should be clear is that detailed knowledge and a full understanding of the relevant asset or platform is required rather than a one size fits all approach.